Formula 1: International Automobile Federation Rejects Alternative Engine Proposal

Formula One manufacturers have agreed to come up with a plan to reduce the cost of power units and ensure no team is left without one after rejecting a proposal to introduce an alternative engine.

The governing International Automobile Federation (FIA) said in a statement that there had been four credible expressions of interest from companies interested in supplying a cheaper alternative engine from 2017.

The proposal had, however, failed to win approval at meetings at the FIA's Paris headquarters on Tuesday.

FORMULA ONE: FIA Rejects Raikkonen Penalty Claims

The FIA has rejected claims that Kimi Raikkonen should have been punished for his crash in the British Grand Prix, and that the red flag delay was too long.

The Ferrari driver crashed heavily on the opening lap after he lost control of his car as he rejoined the track on the Wellington Straight.

Article 20.2 of F1's Sporting Regulations states that: "Should a car leave the track the driver may rejoin, however, this may only be done when it is safe to do so and without gaining any lasting advantage."